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Tuesday, August 27, 2024

Copper supply risks ease as Chile miners do deals

 Chile’s copper-mining industry is emerging from an intense period of wage negotiations, signaling a diminished risk of further disruptions in a country that accounts for a quarter of supply. Over the weekend, about 300 striking workers at a Lundin Mining Corp.-operated mine went back to work. A week earlier, the main union at the giant Escondida mine run by BHP Group ratified a labor pact following a three-day stoppage. Antofagasta Plc reached an early wage deal with the main union at its Centinela facility, completing the firm’s talks for the year.

https://www.mining.com/web/copper-supply-risks-ease-as-miners-do-deals-in-biggest-supplier/

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